Tesla (TSLA) Delivery Outlook Improves as Morgan Stanley Keeps Equal Weight Rating

Tesla, Inc. (NASDAQ:TSLA) is one of the 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.

On June 26, Morgan Stanley reiterated the stock as equal weight, stating how it anticipates robust delivery numbers from Tesla the following week. The firm cited stronger-than-expected sales trends in Europe and China. However, it remains cautious on the electric vehicle maker’s energy storage business.

We are increasing our 2Q Tesla delivery estimates to 413K units, from 373K, supported by stronger regional sales trends.

The firm left its $415 price target unchanged due to its cautious stance on Tesla’s energy storage deployments.

Tesla (TSLA) Delivery Outlook Improves as Morgan Stanley Keeps Equal Weight Rating

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Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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